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When the central statics office surveys the population ,it places all adults 16years and above into one of the category employed , unemployed or not in the labour force . zambia's population was estimated to be 17.4 million people as of 2018. When officiating at the pensions and insurance authority event. The minister of labour and social services in late 2018 disclosed that zambia's unemployment rate is 41.2. the working age population is 16 years or older was estimated at 9056840.The labour force population was 3398294. Calculate the total number of people unemployed ,the labour participation rate ?
4. Why is it important to try to determine the size of the fiscal policy multiplier?
2. Federally funded student aid programs generally reduce benefits by $1 for every $1 that recipients earn. Do such programs represent government purchases or transfer payments? Are they automatic stabilizers?
1. What is the difference between government expenditures and government purchases? How do the two variables differ in terms of their effect on GDP?
Government reduced the transfer payments to control the level of inflation in
the economy. Show the effect of decrease in transfer payments on IS curve with the help of diagram.
At the market supply of and demand for some goods are described by formula
Qd=3800-15p
Qs=10p+1300
Using the internet, find a newspaper article that focuses on recent economic events in China or Russia. What was the main point of the article? What facts or data did the article present? Did you agree or disagree with the author? Why?
Suppose the economy is experiencing inflation. What would be the
interpretation of how a restrictive monetary policy would address this problem?
On the 3 December 2021, the new dawn government and IMF mission to Zambia reached a staff level agreement on a program under the IMF's extended credit facility that envisages provision of financial support of $1.4bn over the next three {3} years
Taking into account the anticipated IMF conditionalities what implications will such an agreement have on the general economic outlook of Zambia? [25 marks]
Suppose a country decreases government purchases by $100 billion. Suppose the multiplier is 1.5 and the economy’s real GDP is $5,000 billion.
a. In which direction will the aggregate demand curve shift and by how much?
b. Explain using a graph why the change in real GDP is likely to be smaller than the shift in the aggregate demand curve.
